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Anti-Inflation Pact Seen Extended Next Year

MEXICO
  • Mexican trade balance showed a much smaller trade deficit than expected, at -$96.1mln vs. Exp. -$1.5bln. Sliding imports were largely responsible, with total imports dropping to $49.4bln from $51.3bln. Meanwhile, economic activity came in softer than forecast – growing at 0.03% on the month vs. Exp. 0.15%. The Y/Y release rose 4.41% vs. Exp. 4.90%.
  • The Mexican finance ministry disclosed plans to extend the anti-inflation pact with Mexican businesses late yesterday. The deal’s currently due to roll-off in February, but the finance ministry intend to extend the agreement, according to Bloomberg sources.
  • The programme continues to aim for the price of 24 key staple goods to drop in price by 8% from the peak.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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